402 REHOBOTH AVENUERehoboth Beach, DE19971

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Property Description for 402 REHOBOTH AVENUE, Rehoboth Beach DE 19971

Location, location! One story office building on the corner of Rehoboth Ave and Sate Road with excellent exposure. Zoned C-1 Commercial. "Rigby's Restaurant- 2643 Sq. Ft. + 758 Sq. Ft. Patio Area has a renewed lease to 2023 (w/annual increase). They pay $64,927 NNN in 2018. Lawson Firm- 688 sq. ft. Triple net leasing income is $64,927. Roof replaced in 2014; Painted 2013; 2 HVAC units new in 2012. For FUTURE POTENTIAL if you wish to re-build, the City will allow a building area of 20,844 (2.0FAR). Maximum building height is 42 ft. Property is fronting on both Rehoboth Avenue and State Road.